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NEW YORK ( TheStreet) --  Emerson Electric (EMR) - Get Emerson Electric Co. Reportshares are up over 3% Monday despite reporting "horrendous" orders for the trailing three months, TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment. 

"They were terrible," added Cramer, the co-manager of the Action Alerts PLUS portfolio

Emerson Electric is a play on oil and gas, and is also affected by the stronger U.S. dollar, Cramer said. So seeing the stock trade higher on such horrible news is something bearish investors should notice. 

Emerson Electric EMR data by YCharts

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Cramer said investors may have already priced in bad news for stocks like Emerson and are prepared for weaker results. 

The stock should be down "very big" on this news, but since it has already declined so much Emerson is moving higher now that investors are prepared for such results, Cramer reasoned. This type of price action makes it hard to be as negative, Cramer concluded. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.